Putting A Codicil in Place: Discover the Simple Solution to Changing Your Will in Barbados
Considering updates to your Will in Barbados? Discover how a codicil could be the solution you need. Learn more about this efficient tool for modifying your Will in our latest blog post.
Protecting Your Intellectual Property: Estate Planning Tips for Copyright Owners in Barbados
Safeguarding your intellectual property is crucial for creators. Learn how estate planning can help you protect and pass on your copyrights in Barbados, ensuring your legacy is preserved. Read more here.
Residuary Estate Explained: How It Works and Why It's Important in Estate Planning
In this article, we will consider the importance of a residuary estate, how a residuary estate works, determining your beneficiaries under your residuary estate, and some key legal considerations when including it in your estate plan.
How To Settle Your Loved One’s Estate: The Probate Process Explained
Settling your loved one’s estate involves a detailed step-by-step legal process. Where the deceased has left a Will, probate proceedings will be need to be started in order to settle any debts and to formally authorize the distribution of the assets of the deceased. In this article, we will go through the step-by-step process involved in settling your loved one’s estate where he or she has left a Last Will & Testament.
Does Your Estate Plan Need to Be Updated? Reasons To Review Your Estate Plan Right Now
Estate planning should not be seen as a ‘set it and forget it’ process and it should be remembered that as time goes by, the circumstances of your life may evolve overtime.
This therefore means that as long as you have estate planning documents in place, you may need to revisit them when significant events occur in your life, or in cases where you have simply changed your mind about who should inherit your property or who should be in charge of managing your estate.
Navigating Estate Planning for Blended Families:
A blended family or step family may then be formed when two people with a child or children from previous relationships come to together as a couple or remarry and create a new family unit together.
Because of the dynamics of the blended family, it becomes crucial for spouses to plan their estate in a way that ensure their wishes are honoured and that as best as possible, they keep their family out of any potential conflicts.
In this article, we share some key considerations that blended families can take into account when planning their future and the future of their loved ones.
How To Incorporate Charitable Giving Into Your Estate Plan
Charitable planning involves putting measures in place so that you can provide a gift for a charitable purpose as part of your estate plan. This involves giving clear instructions on how your property is to be distributed upon your death when it comes to supporting a cause or charity that is important to you.
One of the most effective ways to ensure that your assets are passed on to a charity or for a charitable purpose, whether it be all of your assets or part of your assets, is through documentation in your Will.
In this article, we share how you can incorporate charitable giving into your estate plan.
Selecting The Right Guardian for Your Minor Children
As a parent, your child’s future is something that will be of major significance to you. It's important to put legal planning in place for your minor children so that they can be cared for if you are not around. This can be done by appointing guardians to step in if something ever happens to you. In this article, we share some best practices to consider when appointing guardians.
Selecting the Right Executor for Your Last Will & Testament: Best Practices to Consider
Before you proceed with the process of getting your Will created, it’s important not to skip one important step in the will planning process. That is, to have careful consideration about who will be the Executor or Executors under your Will.
In this blog post, we share some best practices when selecting an Executor.
Wondering about what to expect at your Estate Planning Meeting? Here's a look into our process here at Law Office of Lyngeolle Morris
In this blog post, we share some insight into how we work with our clients. We value the time we have together because we know how important it is for you to put the necessary planning in place to protect your loved ones and leave behind a legacy you are truly proud of. Below, we share our step-by-step process from our initial engagement right up to the stage when you sign your documents and even after your documents have been finalised.
Will Planning: The Benefits of Having a Will and How to Get the Process Started
By legally documenting your wishes, you can provide your loved ones and trusted advisors with the clarity they need to properly organize and appropriate your assets. Putting a will in place can bring with it, a number of useful benefits. In this blog post, we will discuss how to get the will planning process started and some of the advantages of having your wishes documented in a will.
Estate Planning Essentials: How You Can Protect Your Assets & Your Loved Ones
Estate planning involves putting measures in place to manage, distribute or preserve the assets of an individual in the event of his or her incapacity or subsequent to his or her death. Estate planning allows you to be proactive about protecting your future and the future of your loved ones.
The Anatomy of a Will
In this post, we will consider the Anatomy of a Last Will and Testament. If you are someone that has been thinking of getting your Will in place, this blog post will take you through the various sections of a typical Will and will aid you in getting organized so that you can have your Will completed.